Strategy/roles

Finance

News

Will IMF set its sights on managing global reserves?

The managing director's report on implementing the Fund's medium-term strategy was discussed by the board 3 April and is anticipated to be released at the spring meetings. Civil society groups have been critical of the opaqueness of the process and the failure to broaden participation.

8 April 2006

Trade

News

IMF shocks facility - will anybody use it?

In November, the IMF's board approved the establishment of the Exogenous Shocks Facility (ESF) to…

23 January 2006

Accountability

News

Internal accountability creates “institutional discomfort”

Discussion of the CAO's internal accountability role and the difficulties it faces in light of the IFC/MIGA's disregard and criticisms from affected communities and civil society.

23 January 2006

Rights

News

World Bank “pushing big dams” across Asia

Bank upscales its funding for large scale hydro in Pakistan and Inda, fails to adequately assess resettlement in China, and tries to take credit for increased investment in renewable energy and energy investment merely by increasing its funding for large high risk dam projects.

20 January 2006

IFI governance

News

The IMF to evaluate its role in determining aid resources to African countries

The IMF's Independent Evaluation Office is undertaking a timely review of the Fund's role in determining aid resources in sub-Saharan Africa, examining the Fund's policy advice and programme design in these countries and its impact.

20 December 2005

Accountability

Commentary

The Bank and Fund: do civil society groups in the Arab region realise what’s going on?

Comment by the Arab NGO Network for Development on the need for civil society in the region to take a more active role in monitoring the work of the IFIs.

21 November 2005 | Guest comment

Trade

News

Policy support instrument: Helping hand or more thumb screws?

In October, the IMF board approved the establishment of a Policy Support Instrument (PSI), a non-lending programme which will provide policy advice to poor countries and send a signal to donors and markets about the quality of a country's economic policies. Critics suspect the instrument is little more than a new way "to extend Fund domination".

21 November 2005

Environment

News

World Bank and climate change: power failure

Summary of a report by Friends of the Earth US, the November meeting in London on climate change and the UK parliamentary early day motion to end UK support for harmful oil subsidies.

21 November 2005

Rights

News

Lao dam: obligations undermined?

A report by Can and Leader analyses the concession agreement for the Bank-supported Nam Theun 2 dam in Lao PDR (Update 45), between the country's government and the Nam Theun 2 Power Company Ltd (NTPC).

21 November 2005

IFI governance

News

OED slates Bank development effectiveness

In October, the Operations Evaluation Department published a report summarising lessons from recent evaluations; Bank management, in unusually strong language, has expressed concerns about both the methodology OED used to reach its conclusions, and the conclusions themselves.

21 November 2005